21 degrés: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
21 degrés
Largest movements
- Tangible fixed assets +€308,316
new in 2025: €308,316
- Receivables within one year +€15,540
up €15,540 (+42.8%), from €36,289 to €51,829
of which Other amounts receivable: +€21,640
- Debts after one year +€220,652
new in 2025: €220,652
- Other debts +€89,022
up €89,022 (+387.8%), from €22,954 to €111,976
- Current portion of long-term debt +€12,100
new in 2025: €12,100
- Turnover -€71,837
down €71,837 (-79.2%), from €90,705 to €18,868
- Gross operating margin -€46,448
down €46,448 (-93.2%), from €49,850 to €3,402
- Purchases and services -€25,389
down €25,389 (-62.1%), from €40,855 to €15,466
- Financial charges +€1,458
up €1,458 (+2049.3%), from €71 to €1,529
- Depreciation +€1,060
new in 2025: €1,060
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,732 | €361,310 | +€323,579 | +857.6% |
| Fixed assets | 21/28 | - | €308,316 | +€308,316 | |
| Tangible fixed assets | 22/27 | - | €308,316 | +€308,316 | |
| Land and buildings | 22 | - | €308,316 | +€308,316 | |
| Current assets | 29/58 | €37,732 | €52,995 | +€15,263 | +40.5% |
| Amounts receivable within one year | 40/41 | €36,289 | €51,829 | +€15,540 | +42.8% |
| Trade receivables | 40 | €35,598 | €29,498 | -€6,100 | -17.1% |
| Other amounts receivable | 41 | €691 | €22,331 | +€21,640 | +3131.0% |
| Cash at bank and in hand | 54/58 | €1,443 | €1,165 | -€277 | -19.2% |
| Total equity and liabilities | 10/49 | €37,732 | €361,310 | +€323,579 | +857.6% |
| Equity | 10/15 | €12,901 | €12,922 | +€21 | +0.2% |
| Contributions | 10/11 | €39,663 | €39,663 | = | 0.0% |
| Capital | 10 | €39,663 | €39,663 | = | 0.0% |
| Issued capital | 100 | €39,663 | €39,663 | = | 0.0% |
| Reserves | 13 | €9,025 | €9,025 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,055 | €1,055 | = | 0.0% |
| Legal reserve | 130 | €1,055 | €1,055 | = | 0.0% |
| Distributable reserves | 133 | €7,970 | €7,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,786 | -€35,765 | +€21 | +0.1% |
| Amounts payable | 17/49 | €24,831 | €348,388 | +€323,558 | +1303.1% |
| Amounts payable after more than one year | 17 | - | €220,652 | +€220,652 | |
| Financial debts | 170/4 | - | €220,652 | +€220,652 | |
| Amounts payable within one year | 42/48 | €24,831 | €127,736 | +€102,906 | +414.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,100 | +€12,100 | |
| Trade debts | 44 | €770 | €2,554 | +€1,784 | +231.6% |
| Suppliers | 440/4 | €770 | €2,554 | +€1,784 | +231.6% |
| Taxes, remuneration and social security | 45 | €1,107 | €1,107 | = | 0.0% |
| Taxes | 450/3 | €1,107 | €1,107 | = | 0.0% |
| Other amounts payable | 47/48 | €22,954 | €111,976 | +€89,022 | +387.8% |
| Turnover | 70 | €90,705 | €18,868 | -€71,837 | -79.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €40,855 | €15,466 | -€25,389 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,060 | +€1,060 | |
| Other operating charges | 640/8 | €883 | €793 | -€90 | -10.2% |
| Gross operating margin | 9900 | €49,850 | €3,402 | -€46,448 | -93.2% |
| Operating profit (loss) | 9901 | €48,967 | €1,550 | -€47,417 | -96.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €71 | €1,529 | +€1,458 | +2049.3% |
| Recurring financial charges | 65 | €71 | €1,529 | +€1,458 | +2049.3% |
| Profit (loss) for the period before taxes | 9903 | €48,897 | €21 | -€48,876 | -100.0% |
| Profit (loss) for the period | 9904 | €48,897 | €21 | -€48,876 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,897 | €21 | -€48,876 | -100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.